Kefi Gold And Copper Share Discussion Threads

[bostanli] 12/5/2020 13:12

Q & A if anyone interested

[scars] 12/5/2020 13:02

Other resource and gold stocks bouncing back, KEFI another placing and down again, has to make you laugh, if only at Harry!

[robjm66] 12/5/2020 12:18

No mention of ANS as they were mentioned before ANS claim that local liquidity problems were holding them back welcomed government intervention to improve this.

“ To that end, ANS Mining, which is the investment vehicle for a syndicate of leading Ethiopian banking, insurance and investment organisations, has re-affirmed its commitment to the project following the government's injection of significant liquidity into the local financial markets during the past two weeks.
Also, the government is now collaborating directly with ANS Mining and its shareholders to reinforce project momentum.
In addition, as an important new development, the government has now also advised both Kefi and ANS Mining that it will this quarter look to arrange either direct or indirect funding into TKGM from its investment institutions for the required amounts if there is any further delay in investment via ANS Mining.” Whether kefi would be better off if ANS did walk away is another question.

[oilisgold] 12/5/2020 12:05

ANS were never going to pay, the writing was on the card and it does appear they have walked away. Remember corruption is at its best in developing countries. The money is raised to keep the lights on. Harry needs to resign, LTH are down over 99% in this corrupt share run by board that just rinsed mug punters.

[pjj71] 12/5/2020 11:59

1) There seems to be no mention of ANS... have they now firmly closed their wallets and walked away???

2) Why is there no explanation as to why they havent paid?

3) How many weeks before the next fundraise?

[outlawinvestor] 12/5/2020 09:04

Verbose as usual I see.

Rich! Tediously rich!

[scrappycat] 12/5/2020 09:01

cyba,

Good morning. Verbose as usual I see. You are, of course, free to write what you wish. However, I would ask you to not change the content of my posts when you 'reproduce' them. I actually give considerable thought to the content of my posts, and the manner in which they are constructed.

Keep well all.

[the charmer] 12/5/2020 08:58

Cybaajak.

The "nameless" board that you refer to makes very interesting reading. Maybe more people should take a look?

Perhaps they can then join the dots and work out what is really going on :-)

[taxlosstone] 12/5/2020 08:52

I had also looked at Rab Capital at Companies House. Blimey, we may be being financed by an even less successful company than us. It must have taken some finding. :-(

[cybaajak] 12/5/2020 08:06

One more for now... Unless you have already blocked my inane chatter..

Cut and pasted from another board which shall remain nameless.

"One can have endless discussions on the meaning of such terms as imminent, soon, near term, shortly etc., nearly all of which are completely meaningless when used in AIM announcements".

Words which the Chair of this AIM Lifestyle Company uses with abandonment, while casually diluting EVERYONES investment for the Nth time. Remember September to November 2019 ? I do and am eagerly looking to comb through the Financial Reports due before end of June.

Remember to download the GM pdf from Kefi-Minerals Website... Apparently you can use that to vote against the Chairs best interests.

This was posted with a little sarcasm... /s <-- see small 's'.

[cybaajak] 12/5/2020 07:40

@ Goatherd 3597 & 3601....




Not quite the Goose that lays the golden egg huh.

Annual Revenue $309,563 in 2018. No records held for 2019 (yet).

Financial Report submitted to Companies House in UK 31st December 2018...



(Apologies.. tried linking a pdf.. Firefox went bananas..)

Dire reading material... now financing Kefi Minerals... Trying to compare the glowing words included in the RNS yesterday from its Chair is difficult.

Fairly certain that Lanstead made more in 2017/8 out of Kefi than the above JUST in payment for services rendered. Counting in the estimated £1.6m pure profit quite a bit more.

[oilisgold] 11/5/2020 19:10

No need for me to do that. Its how it works buddy. We just buy placing price and then RINSE AND REPEAT EVERY 3 months. Only way to make money here is to Rinse and Repeat or get pounded by Harry. I had sold all at a massive loss here and went into NCYT . Lucky got in there at 35p and hence recovered all my Harry pounding losses. Now if anyone here can get in sub 0.7p , its easy 100% on news.

[the charmer] 11/5/2020 18:35

Oilisgold

Planning to get this share price down are we?


Thanks for the heads up :-)

[oilisgold] 11/5/2020 18:11

Tomarrow we will see 0.7p and then.back to placing price like last time. Its how it works.

[oilisgold] 11/5/2020 18:10

What a discount. 0.65p is easily a bagger for them next few weeks . Last placing similar happened. Its Mug punters like us that get POUNDED AFTER POUNDED PANTS DOWN

[oilisgold] 11/5/2020 18:09

Many Mug Punters git lubricated and Pounded by harry again. LOVE it MOST LTH HERE have been GETTING POUNDED for years and years. Today was just a tater. The big boys got in at 0.65p. Unbelievable and shocking.

[robjm66] 11/5/2020 17:56

Rab C. Nesbitt:
“When you get right down tae it, there's only birth, copulation and death. Everything else is pure bloody guesswork!”

[bostanli] 11/5/2020 17:40

I for one have decided to keep the faith and bought a few on the dip, not as many As Rab Nesbit but a few never the less.

[scrappycat] 11/5/2020 17:13

Finding AIM listed companies that do not issue so called 'confetti' in order to survive, is like seeking a needle in a haystack. If you can't stand the heat, it seems to be common sense to leave the kitchen. Inevitably, some issue more confetti than others, some fail to disperse their confetti, and die. Personally, I like the companies I invest in to survive, but some would seem to prefer otherwise. Beggars cannot be choosers, and needs must when the tally man is knocking on the door.

The ink is hardly dry on the contract, but already we have cyba gaily spreading alarm and despondency. Yes, he could be right in his analysis re the intentions of RAB, but why assume the worst outcome. They are, imo, far more likely to retain to their holding for some time, and make a very handsome profit if they choose to do so. One thing is for sure. They will have done 'Due Diligence' before committing themselves, and I don't imagine they did so in anticipation of returns that could be peanuts prior to the time when full funding is received, and the mine opens.

Just my thoughts, as usual. Make of them what you will, and do your own research. DO NOT rely on what is posted by anyone on these boards. Most are based on conjecture and supposition, and few are seemingly based on actual circumstances with an undeniable factual base.

[robjm66] 11/5/2020 17:13

hxxps://markets.businessinsider.com/news/stocks/black-iron-closes-private-placement-announces-lind-option-exercise-and-project-update-1029181887 They do probably want to be around for a while, maybe no comment from them as they got in so cheaply here.

[robjm66] 11/5/2020 17:04

This includes the anticipated initial closing of the project level equity in the second quarter of this year, along with that of the identified debt funding in October.
The start of full gold production at Tulu Kapi remains targeted for 2022. 

hxxps://www.voxmarkets.co.uk/articles/sp-angel-morning-view-monday-11-05-20-a37c472/

Extract • Placing proceeds will be directed towards covering existing liabilities (£1.1m), project related costs including preparation for relocation programme and project funding closure (£1.7m) as well as corporate expenses (£0.7m).
* Raised funds are estimated to see the Company until Q4/20 by when the team is expecting to have closed and received funds under the full project funding package.
Conclusion: The equity raise is providing KEFI a runway to complete project funding package and see the start of community relocation and pre-construction works at Tulu Kapi, the first modern mine development project in Ethiopia in years, with first full production guided for 2022.
*SP Angel act as Nomad and Broker to KEFI Minerals